PWCC Auction

[glchen]

Originally Posted by 1952boyntoncollector

This has been discussed though, BINs sometimes are never looked at..its not uncommon for a an auction price to go higher on ebay then a current BIN..sometimes thats actually when the BIN is snapped up, right after an auction goes higher...ive done the same thing....heck with the way the willie mays rookie cards have gone up, im sure even some of Deans cards waterfront property cards like the Mantle/ Mays were even bought up after some auctions took place immediately thereafter
...

As others have said, this is one of the huge incentives why folks shill: basically to generate a realized price sold, where people (mistakenly) believe that the market for that card is moving higher. You can be a nonpaying bidder for that item, but it will still show up on VCP and in the items sold list on ebay. You can have a BIN at a lower price than the card you just shilled up, and buyers will eat it up.

Saying that, I don't think all of the recent items on this PWCC auction was the result of shilling. (full disclosure: I have consigned with PWCC in the past, but I did not consign anything in their current auction.) Since I collect Ruth and Gehrig cards, those are the cards that I tend to follow most. Recently, a buyer came to me from ebay and asked for a private sale where he purchased a large chunk of the Ruth cards that I had for sale. He told me that he has started to collect the Ruth Master set. I then noticed by his feedback score that he also won something like 2/3 of the Ruth cards that were sold in the current PWCC auction. Therefore, although he is showing a high bid % w/ PWCC, he is legit.

I think in general, the card market is thin. If you have a couple of deep pocketed buyers who are collecting a set at the same time, the prices for those cards will spike. However, often times, when they finish their set (or they lose focus and decide to sell it) then the prices for that set will drop. So sometimes, it's all about being lucky in having the right buyers just at the time that you want to sell your cards.

[1952boyntoncollector]

Originally Posted by glchen

As others have said, this is one of the huge incentives why folks shill: basically to generate a realized price sold, where people (mistakenly) believe that the market for that card is moving higher. You can be a nonpaying bidder for that item, but it will still show up on VCP and in the items sold list on ebay. You can have a BIN at a lower price than the card you just shilled up, and buyers will eat it up.

Saying that, I don't think all of the recent items on this PWCC auction was the result of shilling. (full disclosure: I have consigned with PWCC in the past, but I did not consign anything in their current auction.) Since I collect Ruth and Gehrig cards, those are the cards that I tend to follow most. Recently, a buyer came to me from ebay and asked for a private sale where he purchased a large chunk of the Ruth cards that I had for sale. He told me that he has started to collect the Ruth Master set. I then noticed by his feedback score that he also won something like 2/3 of the Ruth cards that were sold in the current PWCC auction. Therefore, although he is showing a high bid % w/ PWCC, he is legit.

I think in general, the card market is thin. If you have a couple of deep pocketed buyers who are collecting a set at the same time, the prices for those cards will spike. However, often times, when they finish their set (or they lose focus and decide to sell it) then the prices for that set will drop. So sometimes, it's all about being lucky in having the right buyers just at the time that you want to sell your cards.

right I agree its like the stock market...its about timing......there are a lot of non-PWCC sellers on ebay that do a lot of shady things....buy from themselves and then cancel the sale etc......go ahead and try to buy your own card with PWCC and see how it goes, its much easier to have two accounts that you are the buyer and seller I would think...basically, I would worry more about non pwcc accounts more..

heck I bought a 1953 mantle on ebay at auction from a non pwcc seller for about 100 or so less than what I thought it would go for..and then he cancelled the sale and refunded my money...I never had that happen with pwcc where I bought an item and then it was cancelled..

[bobbyw8469]

heck I bought a 1953 mantle on ebay at auction from a non pwcc seller for about 100 or so less than what I thought it would go for..and then he cancelled the sale and refunded my money...I never had that happen with pwcc where I bought an item and then it was cancelled..

That's where you check out the sellers feedback. A reliable seller would never do such a thing. I sold a card once when Ebay had their glitches where no one could view their auctions. I sold a $1,000 card for around $700 during that time. The winning buyer proceeded to flip the card for the $1,100 just two months later. A reliable seller has no problem losing money.

[Republicaninmass]

Originally Posted by bobbyw8469

That's where you check out the sellers feedback. A reliable seller would never do such a thing. I sold a card once when Ebay had their glitches where no one could view their auctions. I sold a $1,000 card for around $700 during that time. The winning buyer proceeded to flip the card for the $1,100 just two months later. A reliable seller has no problem losing money.

"Pricing error, it happens daily"